Understandably so, especially if you're in a financial situation where you don't need the extra income or a bigger tax bill and when the markets have most likely erased a large chunk of your portfolio.

With that in mind, our experts came up with four tips on how to make the most of your RRIF withdrawals in tough economic times.

Use cash

If you're worried about having to sell investments when they're underperforming in order to reach your RRIF withdrawal minimum, there's a simple solution: don't.